Budget 2018: Retailers are an unhappy lot after finance minister Arun Jaitley refrained from doing anything significant to boost urban income, and thus consumption.
Budget 2018: The revenue foregone from direct tax changes is modest relative to the funds collected by way of anti evasion measures. Moreover, the forecast of 11.5% for growth of nominal GDP for FY19 made in the Budget is in line with our expectations.
Budget 2018: Budget 2018-19 has announced the establishment of a dedicated affordable housing fund in National Housing Bank, funded from priority sector lending shortfall and fully serviced bonds authorised by the government. This will make available low-cost long-term funds for affordable housing.
Budget 2018: In the Budget for 2018-19, a sum of Rs 5.97 crore has been allotted as Budgetary and extra budgetary expenditure on infrastructure sector exceeding last year’s estimated expenditure by more than 20%.
Budget 2018: The proposed tax rate is 10% without any benefit of indexation. But, he provided some relief by exempting LTCG of up to Rs 1 lakh in a financial year. He, in a way, has also exempted gains made till January 31, 2018 for the investments made before July 31, 2017.
Budget 2018: The Budget has proposed to introduce long-term capital gains tax on equity investments. Against this backdrop, unit linked life insurance products (ULIPs), could appear relatively attractive from a medium to long term perspective.
Opposition Congress today raised issues regarding farmers and alleged irregularities in various schemes of the Chhattisgarh government on the first day of the Budget session even as Governor Balramji Das Tandon delivered his customary address.
Budget 2018: Addressing a press meet here, Kumar also said he stood by the demand for grant of special status to Bihar though it was ‘not proper’ to expect that it would have been granted as a consequence of his party JD(U)’s tie-up with the BJP, which is in power at the Centre.
Budget 2018: To have a deeper insight on the budget 2018 announcements, FICCI on Monday organised a post budget interactive session with Finance Ministry officials. Addressing the gathering, Finance Secretary Hasmukh Adhia highlighted the two key facets of the budget. Rural areas including agriculture and MSME sector are the two focus areas of budget 2018, Hasmukh Adhia said.
Union Budget 2018: According to the global financial services major, while the budgeted deficit is in line with expectations, the revenue targets are on the optimistic side, particularly on recently-introduced GST tax revenue growth.
Budget 2018, the last Budget of the current government ahead of the General Elections in 2019, was touted as pro-farmer and pro-poor Budget, Credit rating agency Moody’s has said that the Budget will benefit the corporate, infrastructure and insurance sector.
Budget 2018: After Finance Minister Arun Jaitley presented fixed the fiscal deficit target at 3.3% in FY19, global rating agency Moody’s Investor Service said that a “slight” slippage in fiscal deficit has no material impact on overall economic strength of the country.
Budget 2018: In Union Budget 2018, presented by Finance Minister Arun Jaitley last week, the government has allocated a whopping Rs 1,290 crore to promote the bamboo sector. We explore the strategic importance of this “Green Gold.”
Union Budget 2018: The Budget for 2018-19 strikes a balance between fiscal prudence and growth, and a “slight” slippage in fiscal deficit has no material impact on overall economic strength. The government has revised its 2018-19 fiscal deficit projections to 3.3 per cent of GDP and for the current fiscal to 3.5 per cent of GDP
Budget 2018: Amid rising confusion and rumours flying around on the treatment of long term capital gains on stock market transactions after Finance Minister Arun Jaitley introduced LTCG tax on equities in Union Budget 2018, the government has come out with a 24-point clarificatory note on the subject.
Budget 2018: Finance Minister Arun Jaitley in his budget speech 2018 on 1 February said the government will offer farmers a minimum support price (MSP) that’s 50 percent above the production costs for remaining rabi crops as well as kharif crops.
Budget 2018: Long Term Capital Gain Tax (LTCG) is not new to the Indian market, but last time when it was removed from equity related gains, the Securities Transaction Tax (STT) was introduced with the objective of better tax compliance.
MoRTH has invariably laid hands on bulk of the fund and enjoyed the discretion to allocate the monies to various highway projects implemented by itself and the NHAI. The ministry also allocates the funds to states and Union Territories for roads and for inter-state connectivity projects.
Fiscal deficit in 2017-18 would go up a notch to 3.6%, instead of 3.5% estimated by the Centre, if the CSO’s advance estimate of nominal GDP at Rs 166.28 lakh crore is taken into account.
The government accepted this long-pending demand of the industry which will now provide employers the flexibility in hiring that will gradually bring more private investments, resulting in more job creation.
This year’s Budget recognises this concern and seeks to address it through various initiatives and measures. The key amongst these is the concept of moving from blackboard to digital board, with digital technology going to play a significant role in improving the quality of education through introducing conceptual learning methods.
Budgetary allocations are strategic in nature and specific to changing conditions of the economy. So, comparison like this year’s allocation is about 4% more (not considering inflation) than the previous year may have a mathematical significance, but not much socio-economic significance.
Minister Jaitley reiterated that improvement in quality of teachers could improve the quality of education in the country. The question is, how a bunch of individuals entering the teaching profession reluctantly only to make a livelihood can be the agents of change?
Budget 2018: The mega healthcare plan for the poor, as announced in the Budget, will cost about Rs 1,00,000 crore annually and curtail states’ autonomy to design their own policies in the sector, says a research paper, authored by a professor at economic think tank NIPFP.
Budget 2018: An estimated 2.53 lakh central government jobs were generated in the last two years, reveals an examination of Union budget 2018-19. According to the budget documents, presented by Finance Minister Arun Jaitley on Thursday, the estimated workforce of central government establishments will be 35.05 lakh as on March 1, 2018.
Budget 2018: As you all know, on 1st February, 2018, Finance Minister Arun Jaitley delivered the fifth and the last full Budget of the Modi government. It was a crucial one as it was presented before the upcoming elections in 2019 and amidst the various challenges faced by the Indian economy.
Budget 2018: The Congress on Saturday termed the Modi government’s Budget announcement of a mega health service insurance scheme for the poor a “jumla” and said it was made without adequate funds.